AR Growth Finance Corp (ARGW) Announces Asset Purchase of Southern Trust Securities, Inc.
May 20 2014 - 3:24PM
Marketwired
AR Growth Finance Corp (ARGW) Announces Asset Purchase of Southern
Trust Securities, Inc.
MIAMI, FL--(Marketwired - May 20, 2014) - Southern Trust
Securities, Inc. (STS) (PINKSHEETS: SOHL) and AR Growth Finance
Corp (ARGW) announced the asset purchase of Southern Trust
Securities, Inc. Specifically, ARGW will issue three shares of ARGW
common stock for each share of STS common stock.
STS's Robert Escobio commented, the company continues to execute
on opportunities that are being presented to STS. We believe the
asset purchase agreement will have a positive impact on
shareholders and the company as a whole. The asset purchase,
coupled the firm's recent announcement pertaining to the Branch
Agreement with Global Strategic Investments LLC's, pending
regulatory review, positions STS for growth in the future.
Frank Dunbar, President of ARGW, stated, we have taken the first
steps towards growing our business. Of course, much regulatory work
remains to be completed.
Orlando Medellin, Chief Executive Officer of GSI, commented, we
are pleased with the asset purchase of STS by ARGW. Once all the
proper regulatory reviews are completed, we believe this opens the
road for greater and closer cooperation between GSI and STS.
About Southern Trust Securities, Inc. (STS) - STS is a financial
services company offering securities brokerage, investment banking,
asset management and private wealth management for a growing base
of retail and institutional, corporate, and high-net-worth clients
primarily in Latin America.
About Global Strategic Investments LLC (GSI) - GSI is a
financial services company offering securities brokerage,
investment banking, asset management and private wealth management
for a growing base of retail and institutional, corporate, and
high-net-worth clients primarily in Latin America.
About AR Growth Finance Corp. (ARGW) - AR Growth Finance Corp is
a Delaware corporation established in 2007 to invest in finance
related companies in the US and South America.
Forward - Looking Statements
This press release may contain statements of a forward-looking
nature relating to future events. These forward-looking statements
are subject to the inherent uncertainties in predicting future
results and conditions. These statements reflect the Corporation's
current beliefs, and a number of important factors could cause
actual results to differ materially from those expressed in this
press release. Except as otherwise required by federal securities
laws, the Corporation undertakes no obligation to update or revise
these forward-looking statements to reflect new events or
uncertainties.
Contact: Southern Trust Securities, Inc. Robert Escobio
305-446-4800 Global
Strategic Investments, LLC Orlando Medellin Chief Executive Officer
305-373-3326 Frank
Dunbar President AR Growth Finance Corp. 305-446-4800
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